News

Request For Suspension

BackNov 20, 2017
Announcement Title Request for Suspension
Date & Time of Broadcast Nov 20, 2017 7:45
Status New
Announcement Reference SG171120SUSPTTE8
Submitted By (Co./ Ind. Name) Tan Swee Gek
Designation Company Secretary
 
Narrative Type Narrative Text
Additional Text Please refer to the Company's announcement (Announcement Reference SG171120OTHRABHY) released on 20 November 2017 in relation to the receipt of special notice / requisition for an extraordinary general meeting.
Additional Text Please also refer to the Company's announcements (Announcement Reference SG171114OTHRS2BK and SG171116OTHRFNWU) released on 14 November 2017 and 16 November 2017 respectively (the "Announcements") in relation to legal action in respect of unauthorised withdrawals from Huizhou Daya Bay Mei Tai Cheng Property Development Co., Limited.
Additional Text Unless otherwise defined, all capitalised terms used herein shall bear the same meaning as in the Announcements.
Additional Text The Board is of the view that the issue of the Requisition Notice by Mr Luo in respect of his intention to call for an EGM to seek the removal of certain directors and the appointment of other directors is an attempt to circumvent the breach of corporate governance in respect of the Unauthorised Withdrawals involving companies controlled by Mr Luo.
Additional Text The Board is of the opinion that, until such time that matters in respect of the Unauthorised Withdrawals and the proposed removal and appointment of directors are resolved, it would be prudent for the Company to request for a voluntary suspension of trading in its shares.
Additional Text The Company will make further announcements as may be necessary and/or appropriate and on resumption of trading of the Company's shares in due course.
Additional Text This announcement has been prepared by the Company and its contents have been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor"), for compliance with the relevant rules of the Singapore Exchange Securities Trading Limited ("SGX-ST"). The Sponsor has not independently verified the contents of this announcement.
Additional Text This announcement has not been examined or approved by the SGX-ST and the SGX-ST assumes no responsibility for the contents of this announcement, including the correctness of any of the statements or opinions made or reports contained in this announcement.
Additional Text The details of the contact person for the Sponsor is: Name: Mr. Nathaniel C.V. (Registered Professional, RHT Capital Pte. Ltd.) Address: 9 Raffles Place, #29-01 Republic Plaza Tower 1, Singapore 048619 Tel: 6381 6757
Event Dates
Effective Date and Time of the Event With Immediate Effect

DISCLAIMER: This announcement was prepared and issued by the named Issuer/ Manager to the Exchange. The Exchange assumes no responsibility for the correctness of any of the statements made, opinions expressed or reports contained in this announcement and is posting this announcement on SGXNet for the sole purpose of dissemination only. In the event of any queries or clarification required in respect of any matters arising from this announcement, such queries are to be made to the named Issuer/ Manager directly and not to the Exchange. The Exchange shall not be liable for any losses or damages howsoever arising as a result of the circulation, publication and dissemination of this announcement.